š Semler Scientific Expands Bitcoin Holdings with $30M Buy š°
Semler Scientific has made a bold move by purchasing 303 BTC for $29.3 million, averaging $96,779 per coin between November 25 and December 4. This acquisition brings its total Bitcoin holdings to 1,873 BTC, valued at $147.1 million at an average price of $78,553 per BTC.
š To fund its Bitcoin strategy, Semler raised $100M through share sales, boosting its BTC yield from 54.7% to 78.7%. Chairman Eric Semler calls Bitcoin ādigital goldā with high growth potential, emphasizing the companyās commitment to crypto.
š The Result:
Stock price surged 149% in 3 months, hitting $59/share.
Bitcoin continues to gain favor among major corporations, with Semler joining companies like MicroStrategy in betting big on BTC.
Is this the dawn of Bitcoin as the ultimate treasury asset?